Clarke University of Dubuque Iowa

EIN: 420680408 501(c)(3) Education

Dubuque, IA

Total Revenue
$42,241,743
Total Expenses
$45,848,096
Total Assets
$70,946,607
Net Assets
$60,870,251
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Financial Trends

Organization Details

Formation Year
1843
Legal Domicile
IA
Principal Officer
Fletcher Lamkin
Phone
5635886315
Tax Period
2024-06-01 to 2025-05-31

Clarke University of Dubuque Iowa, founded in 1843, is a mid-sized nonprofit in the Education sector that reported $42.2M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

We are a Catholic, co-educational, liberal arts university founded in 1843 by the Sisters of Charity of the Blessed Virgin Mary in Dubuque, Iowa. Clarke educates students at the post-secondary level in the liberal arts and sciences, the fine arts, selected professional programs, and graduate programs.We, the faculty, students, staff and administration are a caring, learning community committed to excellence in education. We provide a supportive environment that encourages personal and intellectual growth, promotes global awareness and social responsibility, and deepens spiritual values.

Program Service Accomplishments

Program 1
Expenses: $26,422,435 Revenue: $31,712,505

Clarke University is a 4-year non-profit liberal arts and sciences university focused on progressing with the times. Humble beginnings have developed into over 30 undergraduate and 6 graduate...

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Clarke University is a 4-year non-profit liberal arts and sciences university focused on progressing with the times. Humble beginnings have developed into over 30 undergraduate and 6 graduate programs. We are an institution guided by steadfast principles. We believe one-on-one learning is the ratio for future scholars and laureates. We understand that without proper connections, a quality education is moot. We recognize that easy access to our educators is what sets us apart. It is more than a pledge. It is a progressive framework that has guided us for more than one-and-a-half centuries.Clarke confers the Associate of Arts (AA), Bachelor of Arts (BA), Bachelor of Science (BS), Bachelor of Applied Studies (BAS), Bachelor of Social Work (BSW), Bachelor of Science in Nursing (BSN), Bachelor of Fine Arts (BFA), Master of Arts in Education (MAE), Master of Business Administration (MBA), Master of Organizational Leadership (MOL), Master of Social Work (MSW), Doctor of Nursing Practice (DNP) and Doctor of Physical Therapy (DPT).During the 2024-25 academic year, over 962 students come from 39 states and 27 countries. The average high school grade-point average was 3.30. In the last five years, an average of 97 percent of survey respondents reported being employed in their field or continuing their education post-graduation. The student/faculty ratio is 9:1.Also during the 2024-2025 academic year, 100 percent of Clarke's full-time, day-time students (who were eligible, and applied) received financial aid in the form of scholarships, grants, loans, and work-study. Students are encouraged to apply for financial aid. Clarke University offers a variety of merit scholarships to students that include academic, athletic talent, fine arts and other scholarships.Clarke University does not discriminate on the basis of gender, sex, race, color, national or ethnic origin, sexual orientation, age or disability in the educational programs which it conducts or in its employment policies, practices and procedures. Clarke University complies with all pertinent state and federal regulations concerning affirmative action, nondiscrimination and equal employment opportunity.

Program 2
Expenses: $8,994,536 Revenue: $4,482,097

Auxiliary Enterprises: Programs available to all 962 students including the residence halls, board plans and athletics. The Residence Hall capacity is 571, with an occupancy of 463, or 81%. In the...

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Auxiliary Enterprises: Programs available to all 962 students including the residence halls, board plans and athletics. The Residence Hall capacity is 571, with an occupancy of 463, or 81%. In the fall of 2024, all 463 resident students also had board plans with food service.

Program 3
Expenses: $2,937,541 Revenue: $420,747

Student services: Resources provided to all 962 students by student activities, health services, counseling center, career center, admissions and financial aid.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,694,126
Program Service Revenue $36,615,349
Investment Income $1,746,787
Other Revenue $185,481
TOTAL REVENUE $42,241,743

Expense Breakdown

Grants Paid $16,960,247
Salaries & Benefits $18,516,339
Fundraising Expenses $1,480,482
Program Expenses $40,312,332
Other Expenses $10,273,650
TOTAL EXPENSES $45,848,096

Year-over-Year Comparison

2024 2023 Change
Revenue $42,241,743 $50,393,974 -0.2%
Expenses $45,848,096 $46,825,742 0.0%
Net Income $-3,606,353 $3,568,232 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
24
Employees
653
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$569,191
Total Directors
25
$149,222
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carolyn Haupert Chair 1.00
Officer Director
$0 $0 $0
Margaret Mary Cosgrove BVM MBA, Vice Chair 1.00
Officer Director
$0 $0 $0
Mark D Wahlert Secretary 1.00
Officer Director
$0 $0 $0
Kathleen Antol Trustee 1.00
Director
$0 $0 $0
Chris Brewer Trustee 1.00
Director
$0 $0 $0
Anne Brown Trustee 1.00
Director
$0 $0 $0
Kathleen Corrigan Trustee 1.00
Director
$0 $0 $0
MaryRose Corrigan-Psihoyos Trustee 1.00
Director
$0 $0 $0
Gail Coury Trustee 1.00
Director
$0 $0 $0
Suzanne Juergens Trustee 1.00
Director
$0 $0 $0
Jason Knockel Trustee 1.00
Director
$0 $0 $0
LaDonna Manternach Trustee 1.00
Director
$0 $0 $0
Elizabeth Petty Trustee 1.00
Director
$0 $0 $0
Regina Qualls Trustee 1.00
Director
$0 $0 $0
Timothy J Conlon Trustee 1.00
Director
$0 $0 $0
Ardell Sanders Trustee 1.00
Director
$0 $0 $0
Cathy Schulze Trustee 1.00
Director
$0 $0 $0
Alan Stache Trustee 1.00
Director
$0 $0 $0
Dr Deborah Ashton Trustee 1.00
Director
$0 $0 $0
MaryAnn Zollmann Trustee 1.00
Director
$0 $0 $0
Eric Gantz Trustee 1.00
Director
$0 $0 $0
Tony Harvat Trustee 1.00
Director
$0 $0 $0
Michele Miller Trustee 1.00
Director
$0 $0 $0
Thomas Schwartz Trustee 1.00
Director
$0 $0 $0
Fletcher Lamkin PhD President/Trustee 40.00
Officer Director
$131,222 $18,000 $149,222
Yvonne Zimmerman- - Provost VP of Academic Affairs as of Sept 40.00
Officer
$108,780 $17,691 $126,471
Elizabeth A McGrath Treasurer-VP Business/Finance 40.00
Officer
$151,149 $18,739 $169,888
Steven Kapelke - Provost VP of Academic Affairs until Sept 40.00
Officer
$118,968 $4,642 $123,610
William Biebuyck-VP Instit Adv (Until July)/then VP Emeritus 40.00
Highest
$127,364 $15,742 $143,106
Courtney Leonard VP for Institutional Advancement 40.00
Highest
$118,505 $32,230 $150,735
Julie Cirks VP of Enrollment Management 40.00
Highest
$119,602 $15,042 $134,644
Lisa Rettenmeier Professor of Nursing 40.00
Highest
$112,539 $7,236 $119,775
Alecia Thiele - Associate Professor and Dir of Clinical Educ 40.00
Highest
$118,468 $2,789 $121,257
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $42,241,743 $45,848,096 $70,946,607 $-3,606,353
2024 $50,393,974 $46,825,742 $73,497,955 $3,568,232
2023 $41,705,503 $43,774,988 $69,711,638 $-2,069,485
2022 $42,449,331 $41,909,328 $72,952,113 $540,003
2021 $38,065,327 $38,372,126 $75,835,703 $-306,799
2020 $36,110,999 $37,004,055 $71,480,887 $-893,056
2019 $37,509,035 $36,999,806 $71,192,398 $509,229
2018 $35,741,740 $36,080,614 $73,334,230 $-338,874
2018 $35,741,740 $36,080,614 $73,334,230 $-338,874
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